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18 April 2024 | 33 replies
Also, here's an update:Spoke to a Property Management Co. based in Northeast Philadelphia:They said that you will have to wait the 4-6 weeks to get the license and then the Certificate, apparently it does take them that long.I also spoke to a Philadelphia 3-1-1 line Government representative:He said alternatively you can walk down to the Philadelphia Municipals building and directly request for Rental License, however, he warned that you need to bring a MONEY ORDER for the dues as well as it taking 4+ hours on a business day.
18 April 2024 | 7 replies
Softwares can have differing "freshness" of data based on locations they support.For example, one software may update their pre-foreclosure list for Akron, Ohio 1x a week and another 1x a month.
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17 April 2024 | 6 replies
I would think this would play a role in your vacancies and retention for tenants as long as they are screened correctly especially in south AL!
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18 April 2024 | 9 replies
You can register your STR's at the link @Carrie Foley provided and the current response time is ~2 weeks based on my submissions.
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18 April 2024 | 8 replies
That 6.1% number is based on 4,089 Charlotte MSA Single Family properties held by a large SFR REIT.
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18 April 2024 | 8 replies
You could use that equity to buy way more proprety that spit out cash flow as opposed to a single family which is purely an equity play.
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18 April 2024 | 13 replies
You don't necessarily need a really built out one though - even just using an AirTable base (there are a lot of free templates out there) would probably give you what you need to stay organized.
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18 April 2024 | 7 replies
It is all based on numbers: average tax increases, average insurance increases.
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18 April 2024 | 6 replies
I'm by no means an expert on 1031 exchanges but you can find experts on BiggerPockets if you end up needing them.There are a few other things that come to mind, I'll put them in order of most to least applicable based on the situation you've laid out.Offset any capital gains with capital losses - Maybe she owns some stock to use an easy example, and it hasn't done well.
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18 April 2024 | 2 replies
You seem to be focused on cash flow based on the emphasis placed on the 10 Cap in your pos but you also describe the neighborhood as "shady" which I interpret to be a lower barrier/ at best "C" neighborhood.